The Best Mortgage Lenders in Auxier, KY
Compare verified mortgage lenders serving Auxier, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Auxier
Featured Mortgage Lenders
Mountain Heritage Federal Credit Union
Mountain Heritage Federal Credit Union
Mountain Heritage Federal Credit Union is a highly-rated local financial institution deeply embedded in Eastern Kentucky communities. With nearly 50 years of service, they have built an exceptional reputation for personalized mortgage lending with competitive rates. Their mortgage specialists provide one-on-one guidance through the entire home buying process, offering various loan programs including specialized options for rural properties common in the Auxier area. Members consistently praise their local decision-making, flexible underwriting, and commitment to community development throughout Floyd County and surrounding regions.
Loan Types:
Community Trust Bank
Community Trust Bank, Inc.
Community Trust Bank has been serving Eastern Kentucky communities for over a century, establishing itself as one of the region's most trusted mortgage lenders. With multiple branches throughout the area, they offer extensive local knowledge of the Auxier housing market and surrounding Johnson County region. Their mortgage team provides competitive rates with flexible terms and specializes in rural property financing. Customers consistently highlight their responsive service, local underwriting expertise, and deep understanding of Eastern Kentucky's unique real estate landscape.
Loan Types:
Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc. - Ashland Branch
Primary Residential Mortgage's Ashland branch serves Eastern Kentucky with exceptional mortgage services and consistently high customer satisfaction ratings. As an established mortgage broker with over two decades of experience, they offer access to multiple lending sources and competitive rate options. Their team specializes in navigating the unique aspects of rural Kentucky property financing and provides personalized guidance throughout the mortgage process. Customers frequently commend their expertise with USDA rural development loans, which are particularly relevant for the Auxier area, and their efficient closing process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Auxier, KY
What are typical mortgage rates for homebuyers in Auxier, KY?
Mortgage rates in Auxier generally align with national averages but can be slightly lower due to the rural nature of the area and lower cost of living. Currently, 30-year fixed rates typically range from 6.5% to 7.25%, but local lenders like Community Trust Bank often offer competitive rates specifically for Floyd County residents. It's best to get quotes from multiple local lenders as rates can vary.
Are there any first-time homebuyer programs specifically available in Auxier?
Yes, Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Auxier residents, including down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for Floyd County teachers, healthcare workers, or other essential service employees. These programs can help with down payments and closing costs that might otherwise be challenging in Auxier's modest income environment.
How does Auxier's rural location affect the mortgage approval process?
Auxier's rural classification can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in nearby Prestonburg or other surrounding areas. Some lenders might have specific requirements for rural properties, particularly if the home is on well water or septic systems. Working with lenders experienced in rural Kentucky properties can help streamline this process.
What types of properties in Auxier might qualify for USDA rural housing loans?
Most properties in Auxier qualify for USDA loans since the entire area is designated as rural by USDA standards. These zero-down-payment loans are excellent for moderate-income buyers looking at single-family homes, manufactured homes on permanent foundations, and some condos. Income limits do apply, but many Auxier households qualify given the area's average income levels.
Are there any local property tax considerations I should know about when getting a mortgage in Auxier?
Floyd County property taxes are relatively low compared to urban areas in Kentucky, typically around 0.8% to 1.0% of assessed value. When calculating your mortgage payment, expect to escrow approximately $600-$900 annually for property taxes on a typical Auxier home. The county offers homestead exemptions for seniors and disabled residents that can significantly reduce this burden for qualifying homeowners.
Nearby Cities
Explore mortgage lenders in cities near Auxier, KY
Why Choose a Mortgage Lender in Auxier?
Local Market Knowledge
Lenders who understand Auxier's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Kentucky.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Auxier and get competitive rates on your home loan.